Yifan Liang: Yes, Jeremy, regarding your question on current business. Yes, I mean, this current business right now is pretty dynamic and then I mean this is depending on backlog and market situation. Yes. And then we are pretty involved and then the dynamic and so we catch whatever than we can, but on the other hand and yet we do have production cycles there. And then I mean that’s €“ if we happen to have inventory on hand, and then yes, we can serve, but the the thing is that we cannot grab all the current business as we want.
Jeremy Kwan: Thank you. That’s very helpful. Maybe you find a bit more clarification. Maybe another way to ask the question would be to, you know ask how much of the backlog, how much of the outlook is currently in backlog and also, you know as we talked, as you mentioned a little bit about seeing a potential rebound in the June quarter, what your lead times are like? Are customers facing orders much further beyond that? And finally, on this topic, can you give us any clarity into how cancellations have changed or looked relative to the past couple of quarters? Thank you.
Yifan Liang: Sure. And then, I mean the backlog, yes, in the December quarter, we did experience more backlog adjustment than a normal quarter and some push out replacement. And then I mean a lot of the product mix changes and shuffling there. Overall backlog level decreased, reflecting the industry-wide inventory correction. Yes. And then I mean that’s the thing. So, I mean, overall, yes, for the March quarter, our backlog already has been reflected in our guidance. For the June quarter, as Stephen just commented on, we saw some sign of recovery and some customers started placing some orders for the June quarter already. So, we’ll see.
Jeremy Kwan: Got it. Okay. And maybe if I could turn to, you know, touch back on the utilization. Can you give us where the utilization currently is now and where was last quarter? And also, what kind of flexibility you have in terms of switching capacity between your internal capacity and your foundry or and your JD partnership? Are there, you know, contracts or obligations that you may have to on the supply side there or can you bring more if needed? Thank you.
Stephen Chang : Sure. Nationwide is, we have our own fab in Oregon. And I mean our priority is to utilize our internal fab first, yes. And that’s where we developed most of our new products. So, naturally, I mean, right now the Oregon fab is still running at a pretty high level of utilization. Even for the portion, we expect to come online for the expansion in the month of March, we expect to start a ramp up Oregon fab. So, for the expansion portion, actually, yes, we actually €“ we have demand to portfolio. So, I mean, that’s €“ right now, it’s kind of a pretty dynamic in that. I mean, the product mix changing quite a bit. For the back-end, again, we do have some lower utilization. I mean, we also use joint venture and third-party foundries and subcontractors to €“ or do as much as we can load our own factory first, but sometimes it’s pretty hard to switch between a quarter or two. So, this is kind of a pretty dynamic right now.
Jeremy Kwan: Got it. Thank you. That’s helpful. And I guess just turning to the balance sheet, how much can you give us €“ how much customer deposits you have remaining? I think from what I’ve understood, you have about 98 million in the September quarter. You repaid about 3 million of that in the prior quarter and 12 million of that this past December quarter. So, do I have that right, that there’s about 80 million left in the customer deposits?
Stephen Chang: Yes, yes, it is.
